Comcast to Spin Off Cable Nets Under CEO Mark Lazarus, Touting “New Growth Trajectory,” Deals
NBCUniversal CFO Anand Kini will become CFO and COO of the new channels company, helping Lazarus develop "an independent strategy" and establishing it "as a potential partner and acquirer."
Comcast to spin off cable networks, once star performers at the entertainment giant
Comcast is spinning off many of NBCUniversal’s cable television networks, including USA Network, CNBC and MSNBC, into a separate public company.
It’s Official! Comcast To Spin Off Cable Networks, Sees New Standalone Company A “Partner And Acquirer” Of Media Assets
Comcast has formally unveiled plans to spin out most of its linear cable networks (except Bravo) to shareholders in a separate company, a move that President Mike Cavanagh said puts all of NBCUniversal “on a new growth trajectory.
Comcast’s Cable Channels Spin Off Gets Mixed Wall Street Reaction
We see a real opportunity to invest and build additional scale and I'm excited about the growth opportunities this transition will unlock," Mark Lazarus, who will lead the new firm, promised.
Golf Channel among the cable TV channels to be spun off by Comcast
Golf Channel will be a part of a new venture after Comcast announced plans to spin off its cable TV networks. Wall Street Journal was first to report the news on Tuesday. Comcast made it official Wednesday,
Comcast is spinning off its cable TV business
The US media giant announced plans on Wednesday to spin off the bulk of its cable network channels — including CNBC, MSNBC, Universal Kids, USA Network, E!, Oxygen, Golf Channel, and Syfy — into a separate company. Comcast will retain its reality TV darling Bravo and the Peacock streaming service within its NBC TV business.
Comcast to spinoff MSNBC, more cable brands into new company
Comcast, the parent company of NBCUniversal, is announcing a major shakeup in some of its key assets. The company is expected to spin off its cable networks into a separate company and would cleave off some of NBCUniversal’s best-known brands,
Comcast spins off its cable channels into separate company as it looks for growth
Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. However, Comcast believes it has found a Comcast is spinning off NBCUniversal’s cable television networks into a separate publicly traded company.
Media shakeup: Comcast to spin off cable channels MSNBC, USA as ‘cord cutting’ grows
Comcast to spin off cable channels MSNBC, USA as ‘cord cutting’ grows - The shift comes as more and more people opt for streaming services over traditional cable
NBCUniversal Split: Comcast To Spin Off Cable Channels Under Mark Lazarus; Donna Langley Consolidates Power, NBC, Peacock & Bravo Stay Put
Separating the wheat from the chaff, broadcast network NBC, burgeoning streamer Peacock and reality TV behemoth Bravo will ...
Comcast announces plan to spin off TV networks including MSNBC, CNBC to play 'offense' in new media landscape
The yet-to-be-named SpinCo will house most of NBCUniversal’s cable television networks, including USA Network, CNBC, MSNBC, ...
Comcast Cuts the Cord: 5 Burning Questions About M&A, MSNBC and More
Comcast's decision to separate cable networks from the rest of NBCU will take a year to complete -- and raises thorny issues ...
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CNBC president: We are unique and essential to our audience
CNBC president KC Sullivan sent out the following on Wednesday morning: Team, As you will have seen, Comcast announced that ...
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CNBC anchors and insiders worry about their futures as Comcast looks to unload the network
Comcast brass presented the deal, which will see it spin off nearly all of its cable networks into a separate entity headed ...
Comcast to spin off cable networks, once star performers for the entertainment giant
Comcast will spin off many of NBCUniversal’s cable television networks, including USA Network, CNBC and MSNBC, into a ...
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Oladips: Drama as Nigerians Mark One-year Anniversary of Rapper Reportedly Dying and Resurrecting
Nigerian rapper Oladips is trending on social media as Nigerians dropped messages about him to mark one year since he ...